Mysuru Real Estate Booms Post-Expressway

The recent opening of the Bengaluru-Mysuru Expressway has significantly impacted the real estate market in Mysuru, with a notable surge in investment and interest from Bengaluru residents. Since the expressway commenced operations on March 12, drastically cutting travel time between the two cities to just 90 minutes, Mysuru has become an attractive location for property buyers, according to the Confederation of Real Estate Developers Association of India (CREDAI).

The expressway, which allows speeds up to 100 km/h, has reduced the travel time from over three hours to under 90 minutes, making daily commutes and property investments more feasible. This enhanced connectivity is driving the interest of Bengaluru residents in acquiring second or holiday homes in Mysuru. CREDAI Bengaluru’s president highlighted the growing trend: “The expressway has made it much easier for Bengalureans to consider Mysuru for additional properties. The proximity to Bengaluru, combined with the affordability of real estate in Mysuru compared to the city, is making it an attractive option for those looking for value.” Additionally, the rise in remote work arrangements, with some companies allowing employees to work from home part-time, is further fueling this interest. The convenience of a short commute makes Mysuru an appealing choice for those who can balance their work between the two cities. “With the option to work from a Mysuru home and commute to Bengaluru in just over an hour, the appeal of investing in Mysuru has increased,” the CREDAI president noted.

Despite the growing demand in Mysuru, the real estate sector in Bengaluru faces challenges, including a severe labour shortage. According to industry insiders, the construction sector is currently operating at only 60% capacity due to this shortage, leading to delays in project completion. This shortage is exacerbating the already high property prices in Bengaluru, pushing more buyers towards Mysuru. The preference for Mysuru is also driven by its lower cost of living, affordable land prices, and improved environmental quality compared to Bengaluru. “Mysuru offers a more cost-effective lifestyle while maintaining quality of life, which is appealing to those seeking an alternative to the high costs of Bengaluru,” stated a former president of the Federation of Karnataka Chambers of Commerce and Industry (FKCCI).